Exchange-traded funds with exposure to AI startup Anthropic are experiencing increased inflows, according to new data. Most ETFs hold the private company indirectly through special purpose vehicles (SPVs) or swap agreements rather than direct equity positions. The trend mirrors earlier developments around SpaceX exposure in ETF products, though the current landscape features a broader range of funds offering access to private companies. The growing normalization of private-market holdings within traditional ETF structures signals an expanding avenue for retail and institutional investors seeking exposure to high-growth pre-IPO firms.